European stocks ended Thursday lower, after hopes for the new vaccine against the Coronavirus disease (COVID-19) provided a much needed support for the market. In addition, data showed earlier today a decline in industrial production across the Eurozone during the month of September. The pan-European STOXX Europe 600 closed lower …
Read More »European Stocks Drop Due to Fears of The Second Wave of Corona
European stocks fell on Thursday (November 12th) from their highest in eight months, as a surge in coronavirus cases raised doubts about a faster economic recovery and overshadowed positive quarterly earnings reports. The Stoxx600 index of European shares fell 0.7% by 08:04 GMT, erasing some of the shine of the …
Read More »Nikkei Closed at a 29-Year High
The Nikkei index closed Thursday, November 12th, near its 29-and-a-half year high as technology stocks tracked their US counterparts, but gains were capped by profit-taking selling following a surge fueled by optimism about developments related to a Covid-19 vaccine. The Nikkei index rose 0.68% to 25,520.88 points, after reaching its …
Read More »Tech Stocks Stage Strong Come Back in Wall Street
The New York Stock Exchange (NYSE) showed a mixed performance on Wednesday, with tech stocks staging a recovery after a sloppy performance during the past two sessions. The Dow Jones Industrial Average declined by 23.29 points, or 0.1%, and closed at 29,339.54 points. The S&P 500 index added 27.17 points, …
Read More »S&P 500 Could Hit 4,300 in 2021
The S&P 500 index could rise by 20% and hit 4,300 points by the end of 2021, according to a recent report by Goldman Sachs that was picked up by MarketWatch. Positive news about Coronavirus vaccine trials have improved investors’ sentiment in the stock market, and an economic recovery from …
Read More »European Stocks Maintain Rising Trend
European stocks closed higher on Wednesday, as the market remains optimistic about the positive results shown by the COVID-19 vaccine being developed by Pfizer and BionTech. The STOXX Europe 600 index closed higher by 1.2%, while the UK’s FTSE100 added 1.56%. The French index CAC40 rose by 0.67%, while the …
Read More »Nikkei Closed at a 29-Year High as Poll Hopes Continued to Rise
The Japanese Nikkei Index rose to close at a new high in 29 years, as investors still hoped for a rapid global recovery from the Covid-19 pandemic, supported by developments related to the vaccine. The benchmark Nikkei Index closed 1.78% higher at 25,349.6 points, its highest close since June 1991. …
Read More »Wall Street Ends Tuesday Mixed
Wall Street showed a mixed performance on Tuesday, as the performance of the main indices of the New York Stock Exchange (NYSE) varied on positive news of a COVID-19 vaccine. While the Dow Jones recorded gains, the Nasdaq closed lower as investors moved away from tech stocks. The Dow Jones …
Read More »European Stocks Maintain Rising Streak
European stocks maintained their upward trend on Tuesday, supported by positive news about a vaccine against the Coronavirus disease (COVID-19). The pan-European STOXX 600 index rose by 0.99%, while the UK’s FTSE100 ended higher by 1.79%. In France, the CAC40 index gained 1.55%, while the German index DAX finished up …
Read More »European Parliament, EU Governments Reach Deal on 2021-2027 Budget
European Parliament and the European Union governments have reached a deal on the EU’s 2021-2027 budget, as reported by Reuters. Commenting on this development, “a deal for Europe – Council and European Parliament negotiators reach a political agreement on the EU budget & recovery package,” the spokesman for the German …
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